Gross domestic savings in World
World: Gross domestic savings was 26.9% in 2024. ▲ Rising
Gross domestic savings in World, 1970–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
World recorded 26.9% for gross domestic savings in 2024.
That represents a change of down 1.6% on the previous year and up 0.1% over ten years.
Over the whole period, gross domestic savings in World peaked at 28.4% in 2022 and was at its lowest, 22.7%, in 2002.
World ranks 14th of 43 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross domestic savings in World, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 25.2% | — |
| 1971 | 24.7% | -1.8% |
| 1972 | 25.2% | +1.7% |
| 1973 | 26.6% | +5.8% |
| 1974 | 26.8% | +0.8% |
| 1975 | 24.6% | -8.1% |
| 1976 | 25.4% | +2.9% |
| 1977 | 25.5% | +0.4% |
| 1978 | 25.7% | +1.0% |
| 1979 | 25.9% | +0.7% |
| 1980 | 25.5% | -1.5% |
| 1981 | 25.9% | +1.4% |
| 1982 | 24.2% | -6.4% |
| 1983 | 23.4% | -3.2% |
| 1984 | 24.3% | +3.7% |
| 1985 | 24.1% | -0.6% |
| 1986 | 23.6% | -2.1% |
| 1987 | 23.9% | +1.2% |
| 1988 | 24.6% | +2.8% |
| 1989 | 25.0% | +1.6% |
| 1990 | 24.5% | -1.6% |
| 1991 | 24.3% | -1.0% |
| 1992 | 24.0% | -1.3% |
| 1993 | 23.7% | -1.3% |
| 1994 | 24.0% | +1.4% |
| 1995 | 24.8% | +3.1% |
| 1996 | 24.7% | -0.2% |
| 1997 | 24.8% | +0.3% |
| 1998 | 24.3% | -1.9% |
| 1999 | 23.7% | -2.6% |
| 2000 | 24.0% | +1.5% |
| 2001 | 23.1% | -3.6% |
| 2002 | 22.7% | -2.0% |
| 2003 | 22.7% | +0.1% |
| 2004 | 23.6% | +4.0% |
| 2005 | 24.2% | +2.3% |
| 2006 | 25.1% | +3.9% |
| 2007 | 25.8% | +2.8% |
| 2008 | 25.9% | +0.3% |
| 2009 | 23.9% | -7.6% |
| 2010 | 25.5% | +6.6% |
| 2011 | 26.1% | +2.6% |
| 2012 | 26.4% | +1.1% |
| 2013 | 26.6% | +0.7% |
| 2014 | 26.8% | +0.9% |
| 2015 | 26.7% | -0.6% |
| 2016 | 26.4% | -1.2% |
| 2017 | 26.9% | +1.8% |
| 2018 | 27.3% | +1.8% |
| 2019 | 27.3% | -0.1% |
| 2020 | 27.0% | -1.0% |
| 2021 | 28.3% | +4.5% |
| 2022 | 28.4% | +0.6% |
| 2023 | 27.3% | -3.9% |
| 2024 | 26.9% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 25.6% | 24.6% | 26.8% | 10 |
| 1980s | 24.5% | 23.4% | 25.9% | 10 |
| 1990s | 24.3% | 23.7% | 24.8% | 10 |
| 2000s | 24.1% | 22.7% | 25.9% | 10 |
| 2010s | 26.6% | 25.5% | 27.3% | 10 |
| 2020s | 27.6% | 26.9% | 28.4% | 5 |
Countries ranked near World
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- Gross capital formation (current US$), annual growth rate 2.58 % change on previous year (2024)
- Gross capital formation (current US$), per unit of GDP 0.2629 current US$ per US$ of GDP (2024)
- Gross capital formation (current US$), per capita 3,606 current US$ per person (2024)
- Gross capital formation (constant 2015 US$), annual growth rate 2.87 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2236 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 3,221 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 7.44 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.285 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic savings in World?
- Gross domestic savings in World was 26.9% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in World?
- The highest recorded value was 28.4% in 2022.
- What is the lowest gross domestic savings recorded in World?
- The lowest recorded value was 22.7% in 2002.
- How does World rank for gross domestic savings?
- World ranks 14th out of 43 groups with data for 2024.
- Is gross domestic savings rising or falling in World?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- Where does this World data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.